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Full-Text Articles in Labor Economics
Theories Of The Employment Relationship: Choosing Between Norms And Contracts, Michael L. Wachter
Theories Of The Employment Relationship: Choosing Between Norms And Contracts, Michael L. Wachter
All Faculty Scholarship
In this paper, I analyze three types of labor market relationships that are prevalent in the economy - the external labor market that exists outside of firms, and the union and nonunion employment relationships that exist inside firms. The parties' relationships in each of these markets are markedly different from one another with respect to their use of contracts versus norms, their enforcement mechanisms, and their reliance on external competitive market pressures. Why do these very distinct forms exist? This paper provides an answer to this question. To be successful, each of the structures has to resolve problems of match-specific …
Project Labor Agreements And Construction In Maine, Bureau Of Labor Education. University Of Maine
Project Labor Agreements And Construction In Maine, Bureau Of Labor Education. University Of Maine
Bureau of Labor Education
A Project Labor Agreement (PLA) is a comprehensive negotiated pre-hire contract for public or private-sector construction projects. A PLA generally includes mutually agreed-to work and wage rules for the duration of the project, including deadlines, wages, costs, production incentives, and hiring. Usually PLAs are between a developer or general contractor, labor unions, subcontractors, workers, and the employer or customer, who may be in the public or private sector.